i mean, is capital flowing into sub-saharan africa, it's a matter of it getting distributed?is it that there's not enough capital? >> i think it's both. i think, certainly, the rate of return in investment in sub-saharan africa over the past decade was 27%. the only place you could have parked your money and got a better rate was india. and so, it is a great investment destination. i think increasingly, investors are going to realize that. but we still need more investment. we need more direct investment, but we also need better ways at getting the money that is available into the hands of people who are smart, are creative, are entrepreneurial, have technology that can really make a difference on the ground. >> one of the strangest ways that that might be done is through a handheld device you were telling me about earlier, an hour-long sort of truth detector that becomes your credit report. explain this concept to me. >> well, you could sort of say it's a proxy of sorts, and it actually has been proven to be more predictive than a credit report in terms of helping you to ide

last three years and then living in india a poverty line a house priest so particularly in sub-saharan africa and in south asia so we still have your own point five or two million people living under the poverty line this is it's a shame you know it's a shame for the international community because the world has really it should be looking out into cheap a lot in our science technology development this is the issue which i would call very easy and it'll be solved if we could put it better so this is the situation we are today you know and two thousand and eight was the year of economic and commodity shocks of which cell countries are trying to recover from them both developing and developed countries talk a little bit about the economic impact of of climate change and rising food prices and some of the political implications that we've seen for example in the middle east and north africa. with this the financial crisis the developed countries are still leaving of course every covering but recoveries are very slow and i would call that they are still living and shadow of the financial crisis w

what has really changed a lot is including sub-saharan africa, infrastructure development, if there is increasing opportunity here for investors as well as on the trade side. there is another dimension of self-interest. the world is an interconnected place. maybe diseases and stars are influenza or what happens in one part of the world affecting another. it may be a sense of values and who we are as a people, do we care what happens in southern sudan? do we care about what happens in liberia? increasingly what people see in the security areas is the interconnection of these interests. we at the world bank policy one of our major world of the lamar reports about the challenge of post conflict or fragile states, the connection between security, development, governance, and the rule of law for the story of afghanistan is not just soldiers fighting if but a question of what you can create economically sustainable systems for the government eventually owns the challenges of a the own critique of its own country. topic after topic, why i find is, and when i talk to congressman, there are dif

in sub-saharan africa there are 18 million more every 24 hours. oceans of ink -- 18,000 more every 24 hours. we're more religious, and we're more secular. a great student of this, david martin, once said i can name this series in one phrase. is this religious or secular i'm talking about? texas baptist millionaire. [laughter] he doesn't want his preacher to talk about allowances and is so on. and the other -- but that led him to that whole new mark, if you will. he wasn't looking for a market, he was ready to die. but then he talked about religionless christianity, and that's what confused people. he used the word to show how you develop a piety so god can't get at you, and he wanted you to get rid of all those things. he didn't stop worshiping, he led worship for the fellow prisoners, but he did believe that the show we put on very often stands in the way of it. and then the question is, what should he say about jesus christ in the whose divinity he believed? but he said the church should always argue about what all this means, and if all the thi

for some countries in sub- saharan africa, they may not have the capability to do that. we work with the world food program and unicef on platforms for dealing with child nutrition and other aspects. in my view, with the ways you have to deal with volatility and uncertainty is every country should have some basic safety- net for those at the bottom. part of the < if you look at north african countries is they had some very expensive programs. i am not just saying throw money at the problem. we have learned from other developing countries how to create an effective safety-net. i think this will be important because i believe the food price issue is going to be with us for a considerable time for some structural reasons that i will be happy to talk about if you wish. >> the high prices and volatility -- is a temporary problem? what's good question and i get a lot. what people were used to is a price increase any supply response. but i think the situation we are in now is going to remain with relatively higher prices with risk for a longer period of time for the following r

europeans to be supportive and brazil and china and india to also no longer pretend like they are sub-saharan africa. i believe that the africans can help us do that. i was against the view of dumbing doha down. i wanted to and i get a deal on an enemy, so i was making a case for being more bold and aggressive. in the u.s. constitutional system, everything has to go back to congress, but i honestly think that if you are not doing it, the congress is not going to do it for you. it is not going to come -- you will not get a trade deal driven by congress. you need someone in the united states to organize this with a condition and a vision. you also have to help people adjust to change. the other place where the united states has not kept up is that we have an unemployment insurance system that is 80 years old. we have a trade adjustment assistance program that is 50 years old. you have a workforce investment act that is 30 years old. why not take these tens of billions of dollars and ask yourself, is this the system we would design to get people back into jobs in an economy that is changing? i think yo

in sub-saharan africa, only 5% of the crops are irrigated. south asia is more like 40%. good rains come a good harvest, a good year, no rain, you were in trouble. you can figure out the rain levels you need to be able to have an assessment of whether they will have a good harvest. so in a sense, you can have an insurance policy. part of the change in role of the world bank is how we can also innovate in u.s. markets to help deal with some of these risks. let me switch topics to the political situation. there was a house market this week on assistance where ade took a huge hit. multilateral aid a particular hit in that context. it was a tough fiscal environment for a lot of these issues. how you make the case, appeared to really to republicans, that american interests are implicated here, that cuts are dangerous. what is the best set of arguments right now? the one that i have been reflecting on is that if you go back to 1947 when another generation, harry truman, and gauge the united states in a war, and you look at levels of income per person or per family in the united

climate change, that we are somehow immune of what's happening in the arctic and the sub-saharan deserts of africa? no, we are not. the whole bill is in fact -- mr. dicks: and the gentleman -- if the gentleman will yield back -- mr. markey: i yield back. mr. dicks: and i worry how many people live on the coast of this country who could be directly impacted by rising sea levels and the seas have gone up more rapidly in this last 50 years than it has in the last 3,000 years. i mean, somebody's got to take this seriously. obviously there are some on the other side who are in denial. the gentleman said it quite correctly, they don't believe this is real. it is real. mr. markey: will the gentleman yield? mr. dicks: i yield. mr. markey: we had a debate on the everglades. it is a perfect example of where over the next 20 to 50 years climate change will have a profound impact on an entire state. and this amendment is just part of the denial as is the evis ration, the anay lakes of solar and all-electric vehicle that is being cut out. mr. dicks: if they don't take into account corps of engineer projects on